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Author Topic: Business Idea- give Rebates in BTC to customers paying in cash  (Read 2017 times)
lacedwithkerosene
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July 17, 2011, 04:40:43 AM
 #1

Haven't put too much thought into this but:

-Every newb is confused at first about how they can get their first coins.
-When they do decide to get some, they wish that there weren't so many hurdles (accounts verified at exchange, bank, deposit clears).

So what about a rewards program where a merchant gives a bitcoin rebate to people who make a qualifying purchase in cash.
Just like a mail-in-rebate, the customer is responsible for giving them their address (this time it's virtual) within the redemption period or else the offer is void. But if a person redeems, he gets some BTC to play around with online before his items even get to him (obviously, institute a policy so people can't return the item for 100% back to get free btc).

Imagine an offer of something like 10% back in BTC from Target when you spend $100 on your credit card - wouldn't that be cool. Perhaps some online stores could offer something quite large like 30% back in bitcoins (the price of the item might have to go over MSRP) without being classified as a currency exchange since they are primarily selling goods?

Free idea if anybody can use it. Think how many kids would insist that their parents buy all their video games from this particular vendor, for some reason that perplexes the parents.

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July 17, 2011, 04:49:15 AM
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Very good idea !
Only problem is most consumers won't know what Bitcoins are, but once you tell them that they can buy something with them, I think they really will be all over it. But before that happens I think we need a simpler wallet, that doesn't take 30 minutes just to update.

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July 17, 2011, 04:57:43 AM
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interesting idea.   The natural evolution of this idea would be to just add bitcoins for sale on your website so they can buy some directly from a merchant they already trust.  Problem would be the credit card companies not allowing it, and/or chargeback fraud.

but this small rebate idea would probably lessen the chargeback fraud, and you could sort of keep it under the radar as far as the credit card companies are concerned

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July 17, 2011, 05:07:11 AM
 #4

I think we need a simpler wallet, that doesn't take 30 minutes just to update.

I am thinking of selling USB's with pre-charged wallets.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
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July 17, 2011, 05:40:36 AM
 #5

Haven't put too much thought into this but:

-Every newb is confused at first about how they can get their first coins.
-When they do decide to get some, they wish that there weren't so many hurdles (accounts verified at exchange, bank, deposit clears).

So what about a rewards program where a merchant gives a bitcoin rebate to people who make a qualifying purchase in cash.
Just like a mail-in-rebate, the customer is responsible for giving them their address (this time it's virtual) within the redemption period or else the offer is void. But if a person redeems, he gets some BTC to play around with online before his items even get to him.

Imagine an offer of something like 10% back in BTC from Target when you spend $100 on your credit card - wouldn't that be cool. Perhaps some online stores could offer something quite large like 30% back in bitcoins (the price of the item might have to go over MSRP) without being classified as a currency exchange since they are primarily selling goods?

Free idea if anybody can use it. Think how many kids would insist that their parents buy all their video games from this particular vendor, for some reason that perplexes the parents.

I think rewarding a customer with http://bitbills.com/ at the store would be perfect for that.
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July 17, 2011, 07:13:30 AM
 #6

how do you supposed to collect your change with bitbills?
bracek
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July 17, 2011, 08:11:53 AM
 #7

this is really a good idea,
tell it to the meze grill Smiley
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July 17, 2011, 11:23:50 AM
 #8

I think we need a simpler wallet, that doesn't take 30 minutes just to update.

I am thinking of selling USB's with pre-charged wallets.


I was thinking the same thing. Might circumvent the Paypal ban.

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July 17, 2011, 11:46:02 AM
 #9

Haven't put too much thought into this but:

-Every newb is confused at first about how they can get their first coins.
-When they do decide to get some, they wish that there weren't so many hurdles (accounts verified at exchange, bank, deposit clears).

So what about a rewards program where a merchant gives a bitcoin rebate to people who make a qualifying purchase in cash.
Just like a mail-in-rebate, the customer is responsible for giving them their address (this time it's virtual) within the redemption period or else the offer is void. But if a person redeems, he gets some BTC to play around with online before his items even get to him (obviously, institute a policy so people can't return the item for 100% back to get free btc).

Imagine an offer of something like 10% back in BTC from Target when you spend $100 on your credit card - wouldn't that be cool. Perhaps some online stores could offer something quite large like 30% back in bitcoins (the price of the item might have to go over MSRP) without being classified as a currency exchange since they are primarily selling goods?

Free idea if anybody can use it. Think how many kids would insist that their parents buy all their video games from this particular vendor, for some reason that perplexes the parents.

I knew this would happen if I left my business plan notes for Project X lying on the desk face-up: someone would read it, then post the key ideas on this forum. Do I need to change the lock on my office door?

Seriously, I've explored the offering of rebates as a vehicle to allure John Q. Public into adopting Bitcoin. I found a way to incorporate them into my soon-to-be-released venture, having already addressed all the concerns outlined here in this post.

Stay tuned for further developments and stop entering my office.





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July 17, 2011, 11:55:11 AM
 #10

+1 for a great idea.

I will try to implement something like this as soon as my current bitcoin promotion comes to an end.


Smalleyster
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July 17, 2011, 02:39:27 PM
 #11

I think we need a simpler wallet, that doesn't take 30 minutes just to update.

I am thinking of selling USB's with pre-charged wallets.


I was thinking the same thing. Might circumvent the Paypal ban.

Hmmm, hadn't thought of *that*. Cool idea!

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
bbit
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July 17, 2011, 05:32:42 PM
 #12

Already, being done Smiley  he can't post here because he is a newbie but spend4bitcoins is going to just that.

He is just looking for merchants who have bitcoins to fullfill the rebates ...I'll keep everyone posted! Grin
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